The token of Avantis Exchange on the Base network, $AVNT, has exploded more than 125% this week, lifting its market cap to around $250 million. The sharp run has caught strong interest across crypto Twitter, with many comparing it to $HYPE, the other big breakout of the month.
Well-known trader OCT Trades (@OCTTrades) posted a detailed chart and breakdown of what’s happening. In his view, profit-taking was inevitable after such a huge vertical move, but the structure of the chart is still constructive. His chart shows $AVNT rocketing past $1.60, where it faced price rejection, before pulling back toward the $0.80–$0.90 area.
OCT points out that this region aligns with a key Fibonacci level (around the 0.5 retracement) and marks what he calls the “DCA Zone”—an attractive area for long-term buyers to average into positions.
What gives him confidence isn’t just the chart. OCT highlighted that Avantis is backed by big names like Pantera Capital, Coinbase, and Peter Thiel. The exchange runs a zero-fee trading model where users only pay fees on winning trades and can get 20% rebates on losses. On top of that, $AVNT was listed on Coinbase, Binance, and Upbit on day one, a rare feat that signals strong institutional support and instant liquidity.
A Close Challenger to $HYPE’s Momentum
With these fundamentals and the technical pullback to a major support area, OCT believes $AVNT is shaping up as the closest challenger to $HYPE’s dominance in recent weeks. The explosive start, heavyweight backers, and smart fee structure make it a standout on Base and in the wider crypto market.
In short, while $AVNT has cooled from its initial spike, the $0.80–$0.90 range now looks like a smart spot to accumulate for those who missed the first leg. If buying picks up from here, traders will be watching to see if $AVNT can reclaim the $1.20 zone and maybe even retest the highs near $1.60 in the next bullish wave.
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